Stanley Black & Decker, Inc. (NYSE:SWK) Position Trimmed by Resources Management Corp CT ADV

Resources Management Corp CT ADV trimmed its position in shares of Stanley Black & Decker, Inc. (NYSE:SWKGet Rating) by 36.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 820 shares of the industrial products company’s stock after selling 468 shares during the quarter. Resources Management Corp CT ADV’s holdings in Stanley Black & Decker were worth $115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Toroso Investments LLC lifted its holdings in shares of Stanley Black & Decker by 14.0% during the 1st quarter. Toroso Investments LLC now owns 3,196 shares of the industrial products company’s stock valued at $447,000 after buying an additional 392 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in shares of Stanley Black & Decker during the 1st quarter valued at about $232,000. Walleye Capital LLC lifted its holdings in Stanley Black & Decker by 45.2% in the 1st quarter. Walleye Capital LLC now owns 99,771 shares of the industrial products company’s stock worth $13,947,000 after purchasing an additional 31,061 shares during the last quarter. Auxier Asset Management acquired a new stake in Stanley Black & Decker in the 1st quarter worth approximately $355,000. Finally, Virtu Financial LLC lifted its holdings in Stanley Black & Decker by 291.9% in the 1st quarter. Virtu Financial LLC now owns 5,040 shares of the industrial products company’s stock worth $705,000 after purchasing an additional 3,754 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

Stanley Black & Decker Stock Performance

SWK opened at $85.62 on Friday. The stock has a market cap of $12.66 billion, a PE ratio of 13.85, a P/E/G ratio of 1.76 and a beta of 1.28. The company has a current ratio of 0.85, a quick ratio of 0.28 and a debt-to-equity ratio of 0.63. Stanley Black & Decker, Inc. has a 1 year low of $84.63 and a 1 year high of $199.20. The stock’s 50 day simple moving average is $98.80 and its 200-day simple moving average is $118.78.

Stanley Black & Decker (NYSE:SWKGet Rating) last released its quarterly earnings data on Thursday, July 28th. The industrial products company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.35). Stanley Black & Decker had a net margin of 5.86% and a return on equity of 14.65%. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.74 billion. During the same quarter in the prior year, the firm posted $3.08 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. Sell-side analysts forecast that Stanley Black & Decker, Inc. will post 5.53 EPS for the current year.

Stanley Black & Decker Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Tuesday, September 6th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.74%. This is a boost from Stanley Black & Decker’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Friday, September 2nd. Stanley Black & Decker’s dividend payout ratio is 51.78%.

Wall Street Analysts Forecast Growth

SWK has been the subject of several analyst reports. Morgan Stanley reduced their target price on Stanley Black & Decker from $130.00 to $110.00 and set an “overweight” rating for the company in a report on Thursday, August 11th. The Goldman Sachs Group reduced their target price on Stanley Black & Decker from $143.00 to $122.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. JPMorgan Chase & Co. reduced their target price on Stanley Black & Decker from $139.00 to $115.00 in a report on Friday, July 15th. Barclays reduced their target price on Stanley Black & Decker from $149.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Finally, Citigroup dropped their price target on Stanley Black & Decker from $110.00 to $90.00 in a research report on Thursday, July 28th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Stanley Black & Decker has an average rating of “Hold” and an average price target of $115.33.

Insider Buying and Selling at Stanley Black & Decker

In related news, Director Andrea J. Ayers purchased 15,500 shares of the stock in a transaction on Tuesday, August 2nd. The shares were purchased at an average cost of $95.69 per share, for a total transaction of $1,483,195.00. Following the completion of the transaction, the director now directly owns 15,500 shares of the company’s stock, valued at approximately $1,483,195. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Stanley Black & Decker news, Director Andrea J. Ayers acquired 15,500 shares of Stanley Black & Decker stock in a transaction on Tuesday, August 2nd. The shares were bought at an average price of $95.69 per share, with a total value of $1,483,195.00. Following the completion of the purchase, the director now owns 15,500 shares in the company, valued at $1,483,195. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Janet Link sold 1,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $90.96, for a total value of $90,960.00. Following the completion of the transaction, the senior vice president now directly owns 28,260 shares in the company, valued at approximately $2,570,529.60. The disclosure for this sale can be found here. Company insiders own 0.93% of the company’s stock.

Stanley Black & Decker Profile

(Get Rating)

Stanley Black & Decker, Inc engages in the tools and storage and industrial businesses in the United States, Canada, rest of Americas, France, rest of Europe, and Asia. Its Tools & Storage segment offers professional products, including professional grade corded and cordless electric power tools and equipment, and pneumatic tools and fasteners; and consumer products, such as corded and cordless electric power tools primarily under the BLACK+DECKER brand, as well as corded and cordless lawn and garden products and related accessories; home products; and hand tools, power tool accessories, and storage products.

Featured Stories

Institutional Ownership by Quarter for Stanley Black & Decker (NYSE:SWK)

Receive News & Ratings for Stanley Black & Decker Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stanley Black & Decker and related companies with MarketBeat.com's FREE daily email newsletter.